CMS Issues Final Rule on Hospital Price Transparency, Pushes Effective Date to 2021

After months of feedback from payers and providers unhappy with a proposal to mandate price transparency in healthcare, the Trump administration unveiled its final rule on the topic.

  • The final rule on hospital price transparency is effective January 1, 2021, which is a year later than originally proposed
  • A separate proposed rule would also impose price transparency requirements on health insurers.

The final rule gives CMS additional enforcement and auditing capabilities, including the potential for monetary finds of $300 per day. Read the full story…